Posts tagged Collecting sales tax on damage waiver fees. SCDOR taxing.
On March 30, 2016 the South Carolina Administrative Law Court (ALC) issued an order which determined that proceeds from the sale of damage waivers are subject to sales tax. Rent-A-Center East, Inc. v. South Carolina Department of Revenue, Docket No. 13-ALJ-17-0601-CC. Businesses renting and selling tangible personal property should be aware of the decision, and carefully evaluate whether they should be collecting sales tax on charges for damage waivers or similar insurance type products.
The ALC case involved a taxpayer in the business of renting and selling tangible personal ...
Posted in: Sales and Use Tax, South Carolina Tax
Tags: Collecting sales tax on damage waiver fees. SCDOR taxing, damage waiver fee, Rent-A-Center v. SCDOR, South Carolina Administrative Law Court (ALC)